Leveling the playing field For Nature
The biodiversity crisis is all about our survival. We can still solve it if we work together. Unfortunately, we’re up against the forces of a brutally competitive global economy, where nations, in pursuit of advantage, subsidize industries that devastate ecosystems. Our geopolitical priorities threatens our very survival – a deadly competition in self-destruction.
It doesn’t have to be this way. Instead of propping up harmful industries, we can redirect subsidies to support sustainable practices and green technologies. Sadly, the potential for a new economic boom is held back by a rigged playing field. Imagine a new form of international cooperation – a worldwide race to develop solutions that balance economic growth with ecological preservation.
This target asks us to redirect all industrial subsidies toward life-giving practices. To stop the funding our own destruction. It’s our money. Use that power to safeguard life.
Reduce Harmful Incentives and Scale up Positive Incentives for Biodiversity
Identify by 2025, and eliminate, phase out or reform incentives, including subsidies, harmful to biodiversity, in a proportionate, just, fair, effective and equitable way, while substantially and progressively reducing them by at least $500 billion per year by 2030, starting with the most harmful incentives, and scale up positive incentives for the conservation and sustainable use of biodiversity.